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Shakti Pumps

Shakti Pumps: 1900% return, bumper orders of solar pumps from Haryana-UP government, this stock will bring greenery in your life!

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Shakti Pumps share Price: The shares of Shakti Pumps, which started functioning at the level of ₹ 45 on October 28, 2011, have so far given a bumper return of 19 times to the investors

Shakti Pumps:

A big news has come out related to the shares of Shakti Pumps Limited, which gives multibagger returns to the stock market investors. However, there was slight weakness in the shares of Shakti Pump in Monday’s trading and they were trading at the level of ₹ 856. Shakti Pumps Limited, with a market cap of around Rs 1057 crore, has got the contract for supply of 10,000 pumps from the Agriculture Department of Uttar Pradesh under the Pradhan Mantri Kusum 3 Scheme. This work order is worth about Rs 293 crore.

This order received by Shakti Pumps includes the work of supply, installation and commissioning of solar water pumping system etc. Shakti Pump has recently received an order for 7781 pumps from the Haryana Renewable Energy Department under the Kusum-3 scheme. This work order is worth Rs 358 crore.

Shakti Pump has recently released the results of the first quarter of the current financial year. The company has said that its revenue stood at Rs 113 crore while the working profit stood at Rs 8.46 crore.

The shares of Shakti Pump, which started functioning in the stock market on October 28, 2011 at the level of ₹ 45, have so far given a bumper return of 19 times to the investors.

The 52 week high level of Shakti Pump shares is ₹927 while the 52 week low level is ₹381. In the last 5 days, Shakti Pump shares have given a return of six percent to the investors from the level of ₹ 724 to the level of ₹ 856. In the last 1 month, Shakti Pumps shares have given a return of 22 percent to the investors from the level of Rs 706, whereas in the last 6 months, the shares of Shakti Pumps have more than doubled the investors’ capital and have given a multibagger return of 108 percent.

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